The actual cost of a material is $2.33 per produced unit. A Six sigma team develop a productivity project that reduce the costto $2.20 per produced unit. The total production is 10873 units in a year. The project required a new equipment with a cost of$3678. Without depreciation and learning curve, determine the IRR of the investment. Use two decimal points.

IRR A financial analysis tool used to determine the profitability of possible investments is the…

Answered: The actual cost of a material is $2.33…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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